Shipping starts scenario planning for long-term disruption
If box rerouting continues for the whole of 2024 demand will increase over 16%, but rates are anticipated to start eroding and additional capacity demands will not be enough to bring the market back into equilibrium
The evolving situation in the Red Sea, with its rerouted ships, skyrocketing insurance and uncertain duration has largely prompted a short-term view of the risks. But the debate at Marine Money suggests industry is starting to consider longer-term scenarios
